An offshore fishing vessel in Thuan An is being newly built

In addition, many other fishing vessels are also equipped and upgraded with modern machinery and equipment, reaching out to offshore fishing grounds.

This is a positive signal in the perception of fishermen about the offshore fisheries conversion, as the Government has recently issued Decree No.17/2018/ND-CP, replacing Decree No.67. According to Decree No.17, fishermen will no longer enjoy the policy of preferential interest rates for fishing vessel building loans, switching to an one-time support for ship-owners who have invested their own capital in building new composite or steel shell fishing vessels.

Story and photo: Hoang The